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Poll

what is the percentage you think is good to gamble with from your income?

0.9-1 percentage depending on your income strength
1-5 percentage depending on your income strength
No percentage

Author Topic: As a gambler do you think we should allocate specific amount to bet on?  (Read 3068 times)

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For a long time now, whenever I play I always have a certain amount of money available to play, within which I am willing to lose, and it's not that I have a loser's mentality, but it's better to do things in moderation, I am a person who, due to the experience I had of playing and losing a lot, both in trading and in gambling, what I was able to extract is that if I put only that amount into a game session and lose it, I will not have any repercussions in my life, and that is already a lot, it means a lot, because apart from losing in the casino and that bringing problems for my life, I think that is too much.
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For a long time now, whenever I play I always have a certain amount of money available to play, within which I am willing to lose, and it's not that I have a loser's mentality, but it's better to do things in moderation, I am a person who, due to the experience I had of playing and losing a lot, both in trading and in gambling, what I was able to extract is that if I put only that amount into a game session and lose it, I will not have any repercussions in my life, and that is already a lot, it means a lot, because apart from losing in the casino and that bringing problems for my life, I think that is too much.

The only certainty in gambling is that you will lose. As a result, a gambler's positive attitude toward a game has no effect on the game's outcome. I agree with you that it is proper to gamble with an amount that a gambler is willing to lose because this is the only way in which a gambler can lose without feeling pain.

One of a gambler's mistakes is gambling beyond his or her means, believing that the outcome of the game is certain, despite the fact that nothing is certain in gambling. The nature of gambling is such that the only way to avoid excessive gambling is to learn the art of moderation, as you mentioned.
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For a long time now, whenever I play I always have a certain amount of money available to play, within which I am willing to lose, and it's not that I have a loser's mentality, but it's better to do things in moderation, I am a person who, due to the experience I had of playing and losing a lot, both in trading and in gambling, what I was able to extract is that if I put only that amount into a game session and lose it, I will not have any repercussions in my life, and that is already a lot, it means a lot, because apart from losing in the casino and that bringing problems for my life, I think that is too much.
I also try to keep a certain amount of money for my bets. Because I know that if I lose that money it will not cause any harm to my family but if I lose more than that it will cause a big problem for me which I never want. I also think about what I will do in case I lose in gambling. How do I place a bet if I lose my bet money? I place bets with these things in mind. Every gambler should keep a certain amount of money in gambling so that they don't become depressed because of it.

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You could be right thu is depends on choice since gambling has been there for long and the addiction stage is still within or below what we expected. The world is changing gradually and no one would be accountable for any damages rather it's their core duty to understand how the world is growing and even as that shouldn't be carried away by any features of the modern technology where a gambler wouldn't take appropriate precautions of themselves to gamble than becoming addicted in the future.

I agree! It all boils down to being disciplined and cool-headed while making any decisions that involve your income. Simple as that.
Most people who involve themselves with anything financial most not be cool headed though but at least should be very mindful and do adequate investigation on what they are doing. Apparently, gambling is above how we sees it and should be treated with care without being too desperate of winning or make profit. So funds allocation help more better to control ones decision on how they gambling and definitely would reduce and eliminate addiction.

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You could be right thu is depends on choice since gambling has been there for long and the addiction stage is still within or below what we expected. The world is changing gradually and no one would be accountable for any damages rather it's their core duty to understand how the world is growing and even as that shouldn't be carried away by any features of the modern technology where a gambler wouldn't take appropriate precautions of themselves to gamble than becoming addicted in the future.

I agree! It all boils down to being disciplined and cool-headed while making any decisions that involve your income. Simple as that.
Most people who involve themselves with anything financial most not be cool headed though but at least should be very mindful and do adequate investigation on what they are doing. Apparently, gambling is above how we sees it and should be treated with care without being too desperate of winning or make profit. So funds allocation help more better to control ones decision on how they gambling and definitely would reduce and eliminate addiction.
It all matters about sensibility and the responsibility of someone when making up some investment decisions on which we know that it would really be something that will really be relevant
on the moment that you would really be spending money with gambling. Always make use of the amount on which you can afford to lose and never ever make that goes beyond with your
budget because on the time that you are really  that goes beyond your limits then it would really be that something will make your life miserable because of too much spending with gambling.
Make yourself responsible and you would be never be able to suffer any consequences.

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So funds allocation help more better to control ones decision on how they gambling and definitely would reduce and eliminate addiction.
Thinking about this, Addiction may not actually be eliminated, because of budgeting or strict allocation of funds to gambling. If someone earns weekly and has a budget weekly and in that budget includes gambling, it is also possible that that person may gamble so much and become addicted to gambling because of the weekly allocations to gambling and due to how they earn. If you still budget in gambling, or allocate money to it, you still have to be careful not to enter a situation where you unintentionally start over budgeting for gambling.
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So funds allocation help more better to control ones decision on how they gambling and definitely would reduce and eliminate addiction.
Thinking about this, Addiction may not actually be eliminated, because of budgeting or strict allocation of funds to gambling. If someone earns weekly and has a budget weekly and in that budget includes gambling, it is also possible that that person may gamble so much and become addicted to gambling because of the weekly allocations to gambling and due to how they earn. If you still budget in gambling, or allocate money to it, you still have to be careful not to enter a situation where you unintentionally start over budgeting for gambling.
This is where personal decisions falls in, you can actually allocates specific fund per week/month but the ability and tendency for you or them to maintain a stable amount is where the problems lays. Let me say for instance, if you allocates like $10 per week to gamble you should be able to maintain this 10$ range till you see that it's not affect your overall lifestyle and your decision to gamble, but if you keep increasing your weekly budget to gamble to 15$ to 30$ it also affect your life because you are not practicing a healthy gambling life style because you can't stood by your words and decisions hence you makes it too vulnerable for yourself to get easily addicted to gambling.

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For a long time now, whenever I play I always have a certain amount of money available to play, within which I am willing to lose, and it's not that I have a loser's mentality, but it's better to do things in moderation, I am a person who, due to the experience I had of playing and losing a lot, both in trading and in gambling, what I was able to extract is that if I put only that amount into a game session and lose it, I will not have any repercussions in my life, and that is already a lot, it means a lot, because apart from losing in the casino and that bringing problems for my life, I think that is too much.
I also try to keep a certain amount of money for my bets. Because I know that if I lose that money it will not cause any harm to my family but if I lose more than that it will cause a big problem for me which I never want. I also think about what I will do in case I lose in gambling. How do I place a bet if I lose my bet money? I place bets with these things in mind. Every gambler should keep a certain amount of money in gambling so that they don't become depressed because of it.

It's good to always have the sidekick, when I learned to play I spent a lot of money and in fact I always came out disappointed with myself because I went in with money and instead of multiplying it I came out very struck out, so that's something that took away my desire for everything, to try to do something well in the casino, it was always the same results, so that's something that disappointed me, maybe that's why I started looking for strategies, many ways to play in order to improve, until now the best strategy is the one I tell you, play only with the money willing to lose.
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Why not, if we think its something worth considering by us, then we should give a try because it will help us in many ways have some plan towards how we spend money on gambling, we could be able to plan ahead on other things from our budget and still achieve some other targets, allocating a specific amount of money to bet on could also serves as a means through which we can control the way we are gambling in other to avoid addiction or misplace of priorities at the cause of gambling.

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Re: As a gambler do you think we should allocate specific amount to bet on?
« Reply #39 on: August 01, 2024, 04:53:06 PM »
The more we observe in gambling, the more likely we are to lose. So if the loss can be easily accepted in gambling then there will be no mental pressure in gambling. And that's why every gambler should bet with as much money as he can afford to lose. When a gambler keeps a specific amount of money to bet it means that he sets a limitation on his gambling which can prevent the gambler from losing more.

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Re: As a gambler do you think we should allocate specific amount to bet on?
« Reply #40 on: August 01, 2024, 08:09:09 PM »
The more we observe in gambling, the more likely we are to lose. So if the loss can be easily accepted in gambling then there will be no mental pressure in gambling. And that's why every gambler should bet with as much money as he can afford to lose. When a gambler keeps a specific amount of money to bet it means that he sets a limitation on his gambling which can prevent the gambler from losing more.
The only problem with gamblers is that most of us chase our loses for us to be able to compensate those loses we had previously if we will win but that is a mistake because instead of minimizing losses we just made a terrible mistake which will lead us being broke because luck isn't guaranteed everytime we chase unless we're lucky enough.

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Re: As a gambler do you think we should allocate specific amount to bet on?
« Reply #41 on: August 03, 2024, 08:19:07 PM »
The more we observe in gambling, the more likely we are to lose. So if the loss can be easily accepted in gambling then there will be no mental pressure in gambling. And that's why every gambler should bet with as much money as he can afford to lose. When a gambler keeps a specific amount of money to bet it means that he sets a limitation on his gambling which can prevent the gambler from losing more.
The only problem with gamblers is that most of us chase our loses for us to be able to compensate those loses we had previously if we will win but that is a mistake because instead of minimizing losses we just made a terrible mistake which will lead us being broke because luck isn't guaranteed everytime we chase unless we're lucky enough.
Pressure is one of the factors that tend to lead a user to make quick decisions without any analysis, which can kill their profits and lead them to face losses. This pressure arises when you are fully dependent on gambling or when you have only the money you have put in the bet. At that time, gamblers want to win the bet quickly to recover that last money with profits, but they end up losing it. Then, they start to recover that loss by borrowing money again and again, which transforms them from winners to losers.
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Offline JoyMarsha

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Re: As a gambler do you think we should allocate specific amount to bet on?
« Reply #42 on: August 06, 2024, 12:27:49 AM »
To summary here; whenever you are gambling with spare money if you don't apply cautiousness you would end up altering your savings in the name of gambling with spare cash or money not in use for other important things.
Because of how tough the economic situation is in almost every country I do not believe that anyone has any cash that they can tag as spare cash, even any amount of money that someone uses for relaxation has mostly been budgeted. it will be easier for you to keep control of the amount of money you use in gambling if you budget that money and stay discipline about the budget you have set out for gambling for that month or duration of time.  It is not bad to have gambling in our budget.
I have to agree with this. The economic situation is no longer funny for one to bring out money they will call as spare money to waste for pleasure without thinking of ways to have it recovered back.

The way money are being spent in the past is no longer the same now. People have a budget plan on how they are going to spend money in their hands so that it can last them up to a month or weeks, depending on how they earn their salaries.

A monthly salary earner who likes to gamble, won't afford not to bring out a budgeted amount to gamble for a week or so.

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Re: As a gambler do you think we should allocate specific amount to bet on?
« Reply #43 on: August 07, 2024, 10:37:21 AM »
~snip~
I will like to see your different opinion on this misconception maybe let us know how to control gambling addiction if by using spare cash can reduce and limits gambling addiction or not.

I strongly agree to your idea that if we don't set a limit on how much we intend to gamble that might jeopardize our savings in the process. For me it is a practical way to set a ceiling on what we gamble and if that will be exhausted then come again another month to try your luck but this is easier said than being done if you are not a responsible gambler.

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Re: As a gambler do you think we should allocate specific amount to bet on?
« Reply #44 on: August 07, 2024, 08:33:34 PM »
To summary here; whenever you are gambling with spare money if you don't apply cautiousness you would end up altering your savings in the name of gambling with spare cash or money not in use for other important things.
Because of how tough the economic situation is in almost every country I do not believe that anyone has any cash that they can tag as spare cash, even any amount of money that someone uses for relaxation has mostly been budgeted. it will be easier for you to keep control of the amount of money you use in gambling if you budget that money and stay discipline about the budget you have set out for gambling for that month or duration of time.  It is not bad to have gambling in our budget.
I have to agree with this. The economic situation is no longer funny for one to bring out money they will call as spare money to waste for pleasure without thinking of ways to have it recovered back.

The way money are being spent in the past is no longer the same now. People have a budget plan on how they are going to spend money in their hands so that it can last them up to a month or weeks, depending on how they earn their salaries.

A monthly salary earner who likes to gamble, won't afford not to bring out a budgeted amount to gamble for a week or so.
Yes when cash are careful spent and allocated to gambling it would make them know where there cash is going and if that person spent extravagantly he would have to wait till the week or month runs out to have his allocation back to gamble.
Currently the economic situation now everyone needs to accounts on how much they are spending or wasting or even risking out to gamble.

 

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